Beltway Confidential

Global tax agreement is a bad deal for the US

By Bruce Thompson
Published November 3, 2021 12:00pm ET
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Global tax agreement is a bad deal for the US
With great fanfare, the Biden administration has praised a global tax agreement reached by the Group of 20 nations. Finalized at last week’s G-20 summit in Rome, the agreement endorses a global minimum tax on corporations. Treasury Secretary Janet Yellen hailed the deal as a means to “end the race to the bottom” on corporate […]

With great fanfare, the Biden administration has praised a global tax agreement reached by the Group of 20 nations.

Finalized at last week’s G-20 summit in Rome, the agreement endorses a global minimum tax on corporations. Treasury Secretary Janet Yellen hailed the deal as a means to “end the race to the bottom” on corporate taxes.

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G20 Taxes